DUNKIN DONUTS BAKERY

Industrial for Sale
Catylist Listing ID: 27154905
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 10,899 SF
Gross Land Area: 0.96 Acres
Sale Price: $995,000
Unit Price: $91.29 PSF
Docks/Doors: 2 Docks, 3 Doors
Property Use Type: Net Leased Investment (NNN), Business
Building Name: Dunkin' Donuts Central Manufacturing Facility
Sale Terms: Cash to Seller
Cap Rate: 9.73%
Last Updated: 7/27/2017

Overview / Comments

The property sits on just about one acre and has ample parking in the front as well as parking for delivery trucks in the back. There area two overhead doors with two overhead doors with two docks for one door, and one dock for the other door. There is a stable corporate tenant in place with a good NNN lease with accelerators. Dunkin' Donuts recently executed their renewal option for an additional five years starting July 2015.The structure is concrete block and had improvements in 2005. The improvements include fences, expanded the building, and replaced the roof. This is a perfect income producing property priced well!

Financials

Finance Data Year 2016
Net Operating Income $96,880 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2012
Finance Data Year 2011

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402334281007
Zoning: CG
Highway Access: Close to I-75 and on US-17 Highway.
Airports: Punta Gorda Airport (PGD)
Site Description: Highly stable tenant in place; Has two loading docks.; Has refrigeration.; Renovated in 2005.; Close to I-75 and on US-17 Highway.
Area Description: New construction and residents to the area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1981
Year Renovated: 2005
Construction/Siding: Concrete
Exterior Description: Originally built in 1981, it has been through some renovations over the years. The structure is concrete block.
Parking Type: Surface
Parking Description: At least 20 parking spaces in the front, along with parking for trucks in the back. There are three docks for two doors.
Total Parking Spaces: 20
Interior Description: Currently, the Dunkin' Donuts central manufacturing facility uses about half of the space, although the entire space is leased out to the franchisee. Original plans were to put a Dunkin' Donuts store in the other roughly 5,000 SF.
Legal Description: SOUTH CLEVELAND BLK 34 A STRIP OF LAND FROM NW SIDE OF LT 2 TAPERING FROM 19FT WIDE AT NE END TO 3 FT AT SW END & PART OF LT 4 DESC AS BEG AT SW COR OF LT 4 BLK 34 TH NE 204FT SE 210FT SW 211.79FT NW 62.16 FT SW 4.36FT NW 110FT TO POB 331/128 358/806 772/10 791/100-101 E1182/1684 2292/978

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,243 15,050 47,759
Median Age: 60.59 49.89 54.11
Households: 586 6,600 21,773
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